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Tennessee's First District Candidates talk about Social Security Reform
June 12th 10:56:48 AM
| This past Thursday, June 8, S4 held a Social Security "Town Hall" event in Johnson City. We were delighted to have six candidates for the U.S. House of Representatives with us to discuss the future of Social Security Reform. |
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There was a consensus among the candidates that the current social security system is unsustainable and unfair. "It's robbing from our young folks today", candidate David Davis said, and every candidate thought that we should fix Social Security in the next congress. Dan Smith, one of the candidates, had this to say about the right time for reform:
We have got to save Social Security for our kids. . . It ought to be on the agenda this year, and it ought to be on the agenda next year until it gets done.
While all of the candidates supported Social Security Reform, there were some interesting twists on the concept. Phil Roe, a candidate from Johnson City, wants to give every American a $2,000 account at birth that would grow over a lifetime. This is an interesting idea: Using the power of compounding interest to save for retirement through childhood.
Posted by Jeremy Tunnell
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